IBT Staff Reporter

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Lindsay Lohan shoplifting tape to hit Internet soon

The surveillance tape showing troubled actress Lindsay Lohan shopping at a boutique, where she allegedly stole a $2,500 necklace, could soon hit Internet. Kamofie & Co. a boutique jewelry store in Venice, California, has sold the surveillance tape to a company that licensed it to a popular entertainment news show to an undisclosed sum.
Mar 07, 2011

Comcast seeks edge in Hispanic market with website

Comcast Corp, the cable and entertainment company, is making a major push into Spanish-language TV with plans to roll out a website featuring hundreds of shows and movies for Hispanic audiences.
Mar 07, 2011

Food may eclipse oil as spending threat

Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.
Mar 07, 2011

Asian stocks slip as oil hits 2-1/2 year highs

U.S. crude prices rose nearly 2 percent to 2- year highs on Monday as worries about supply disruption increased due to deepening unrest in Libya, while Asian stocks declined as concerns about the Middle East also weighed.
Mar 07, 2011

Oil hits 2.5-year highs as Libya turmoil deepens

Crude oil prices rose to 2-1/2 year highs on Monday on heightened worries about supply disruption due to deepening unrest in Libya, while Asian stocks slipped as concerns about the Middle East and higher energy prices weighed on equities.
Mar 07, 2011

Russia initiative to woo private equity: source

International private equity firms may be tempted to Russia by two potential initiatives -- a fund and a committee to look at investment in the country, a source briefed on the situation said on Sunday.
Mar 07, 2011

Couple overcomes groom's illness with Skype wedding

A California couple whose wedding plans appeared thwarted when a lung infection landed the groom in the isolation ward of a hospital got married anyway over the weekend, in a ceremony conducted over Skype.
Mar 06, 2011

BOJ sees deflation easing but keeps easy policy bias

Japan is expected to make progress in beating deflation but risks to its economy remain, a senior Bank of Japan official said, stressing that the central bank is sticking to its ultra-easy policy bias.
Mar 06, 2011

U.S. keeps oil options open as gasoline surges

The government reiterated on Sunday that it could tap its strategic oil reserves in order to safeguard economic growth as surging gasoline prices threaten to amp up pressure for action.
Mar 06, 2011

U.S. military's mini space shuttle lifts off

A prototype miniature space shuttle blasted off aboard an unmanned Atlas 5 rocket from Cape Canaveral Air Force Station on Saturday for a demonstration run that could last as long as nine months.
Mar 06, 2011

Gold and iron expected to rise, copper steady

Gold should push higher from its near-record levels due to its appeal as a safe haven, while iron ore should regain its upward momentum on the back of red-hot industrial demand from Asia, forecasters told the world's larger mining conference on Sunday.
Mar 06, 2011

HSBC considering move to Hong Kong: report

Europe's biggest bank HSBC may move its headquarters from London to Hong Kong because of what it sees as high levels of tax and red tape in the UK, according to a report in the Sunday Telegraph.
Mar 06, 2011

GFMS says precious metals prices may go higher

Euan Rocha and Julie GordonMetals consultant GFMS sees considerable upside in global precious metals prices as an investor safe haven, its Chairman Philip Klapwijk told the world's largest mining conference on Sunday.
Mar 06, 2011

New investors bring financing bonanza to junior miners

A whole new class of conservative investor is piling into the mining sector -- once the exclusive domain of daring risk-takers -- bringing a bonanza of funding options to junior miners racing toward production.
Mar 06, 2011

Ireland aims to woo Europe with fiscal obedience

Ireland's new government will stick to the budget targets laid down in an 85 billion euro EU/IMF rescue package as it seeks to win European partners round to giving it easier terms on the loans.
Mar 06, 2011

Glencore seen choosing chairman as banks vie for IPO

Glencore is reported to have lined up one-time BP executive Rodney Chase as chairman, ahead of a possible flotation that has banks scrambling to resolve client conflicts in the hope of picking up hefty fees.
Mar 06, 2011

Stocks hit oil slick but economy to trump

Stocks will take their cues from the oil market this week as unrest rumbles through the Middle East. But so far equity investors are sanguine, believing the economic recovery wins the day.
Mar 06, 2011

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